BEIJING (Reuters) – Global markets plunged on Monday as investors took fright at the economic consequences of a deepening COVID-19 crisis in China and piled into safe-haven assets such as the dollar and gold. The offshore Chinese yuan plunged to a record low against the dollar, and Chinese stocks and bonds tumbled after protests against the government’s zero-COVID policy spread to several major cities over the weekend, including Beijing and Shanghai. The unrest, marking the most vocal public challenge to President Xi Jinping’s leadership in a decade, has added to concerns about the damage to the world’s second-largest economy and its impact on global growth. .
China’s Covid Surge Fuels Global Market Turmoil Amid China’s Covid Surge Fuels Global Market Turmoil
